Heritage Glb Q2 2024 GAAP EPS $0.07, Inline, Sales $12.023M Miss $14.149M Estimate
Portfolio Pulse from Benzinga Newsdesk
Heritage Global (NASDAQ:HGBL) reported Q2 2024 GAAP EPS of $0.07, meeting analyst expectations. However, the company missed sales estimates, reporting $12.023 million against the expected $14.149 million, a 15.03% shortfall and an 8.21% decrease from the same period last year.
August 08, 2024 | 8:35 pm
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Heritage Global (NASDAQ:HGBL) reported Q2 2024 GAAP EPS of $0.07, meeting analyst expectations. However, the company missed sales estimates, reporting $12.023 million against the expected $14.149 million, a 15.03% shortfall and an 8.21% decrease from the same period last year.
While Heritage Global met EPS expectations, the significant miss on sales estimates and the year-over-year decline in revenue are likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100